Additionally, “AV” usually refers to “Audio/Visual” — as there is an accompanying movie produced by Kanye, Cruel Summer itself is an audio-visual experience.

Do or Die member Belo delivers a very similar line in “Po Pimp”: “Pulled up in a C-A-D-I-double-L, ah, A-C…"
Kanye and the Do or Die crew are personal friends — he produced & featured on singles for them as early as 2004. See here and here.